A joint venture agreement is used to ensure that all parties are protected if things go wrong or if a party resumes its original commitments. Use a joint venture template that has been written by a lawyer to ensure that all the necessary information is included and that you are completely protected in the unfortunate event that something goes wrong. Not sure if you need a joint venture agreement? Here are some of the most common questions we are asked: even if, initially, the parties do not have an explicit intention as to the circumstances and date of termination of the Joint Undertaking, account should be taken of events that could lead to the termination of the Joint Undertaking and the Joint Undertaking Agreement (JSA) should establish procedures for terminating the Joint Undertaking in the event of such events. .